Let’s take a look at the EUR/USD hourly chart.
There are still a lot of strong resistance levels we’re watching for before we see bigger potential move up. We’re still watching the pair closely and looking for a potential retracememt to the 1.3500 level and below. Again, we’re right in the middle of some pretty strong support and resistance levels so watch your Fibonacci levels as well.
Once the downward retracement is complete, look for a potential move up to the 1.4000 level and above. We may see a move up to the 1.4500 level.
Good luck and happy trading.
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